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JORDAN INDUSTRIES AMENDS TENDER OFFER

 DEERFIELD, Ill., July 9 /PRNewswire/ -- Jordan Industries, Inc. announced today that its cash tender offer for all of the $203,300,000 aggregate principal amount of its outstanding 13-7/8 percent Series A senior subordinated notes due 1998 at a price of $1,080 per $1,000 principal amount, and 16 percent Series B senior subordinated notes due 1998 at a price of $1,095 per $1,000 principal amount, plus in each case interest accrued through the payment date, and its related solicitation of consents to amendments to the related indenture at a price of $7.50 per $1,000 principal amount, have been amended to reduce the minimum tender condition to $121,980,000 aggregate principal amount of notes and to allow holders of Series B notes to consent to amendments to the indenture, and receive the consent payment of $7.50 per $1,000 principal amount, without tendering the Series B notes to which such consent relates.
 As a result of the amendments, the tender offer and consent solicitation, which were scheduled to expire at 5:00 p.m., New York City time, on Monday, July 12, 1993, have been further extended and will now expire at midnight, New York City time, on Wednesday, July 14, 1993, unless further extended.
 The company has been informed by its depositary, First Trust National Association, that as of 5:00 p.m. on July 8, approximately $15,830,000 aggregate principal amount of notes had been tendered.
 Donaldson, Lufkin & Jenrette Securities Corporation and Jefferies & Company, Inc. are acting as dealer-managers for the offer and consent solicitation.
 -0- 7/9/93
 /CONTACT: Thomas H. Quinn, president and chief operating officer of Jordan Industries, Inc., 708-945-5591/


CO: Jordan Industries, Inc. ST: Illinois IN: SU:

TS -- NY015 -- 9813 07/09/93 09:47 EDT
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Publication:PR Newswire
Date:Jul 9, 1993
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